Risk and Compliance Officer

Selcom Microfinance Bank Tanzania

Job Vacancy: Risk and Compliance Officer

Location: Tanzania (with travel to customer sites and bank branches)

Industry: Banking / Financial Services

About the Role

Selcom Microfinance Bank Tanzania is looking for a confident and self-motivated professional to join our dynamic Risk and Compliance team. This is an excellent opportunity for ambitious individuals who aspire to grow within the Bank through the Risk and Compliance Department.

What We Offer:

• A rewarding career journey with room for growth

• Comprehensive training and mentorship programs

• A competitive remuneration package

Duties & Responsibilities:

• Risk Assessment: Participate in the identification, assessment, and analysis of all risk types across the bank through quarterly and annual risk assessment discussions with each department; assist the Senior Risk and Compliance Officer in managing key risk indicators, business unit risk profiles, and risk reporting.

• Plan Implementation: Implement the Risk and Compliance unit plan based on business objectives and high-risk areas to review and provide assurance on the effectiveness of internal controls.

• Exposure Evaluation: Assist Senior Officers to evaluate risk and related operations to determine areas of highest exposure to maximize review coverage.

• Monitoring & Operations: Conduct monitoring reviews of all key risk areas—including AML, KYC, Account opening, Dormant account reactivations, Agent Banking, and Mobile Banking—and communicate outcomes to the Senior Risk and Compliance Officer.

• Independent Reviews: Carry out different review assignments independently with minimum supervision in accordance with Risk and Compliance procedures.

• Fieldwork & Quality: Perform fieldwork assignments, execute quality reviews of tasks assigned by the supervisor, and ensure timely, acceptable quality reporting within allocated time limits.

• Team Communication: Ensure adequate information exchange among the team and keep everyone up to date with relevant strategic developments of the Bank.

• Liquidity & Counterparty Risk: Update and circulate liquidity forecasts to ALCO team members. Conduct counterparty risk assessments before onboarding new counterparties and monitor ongoing performance.

• Issue Follow-up: Follow up on the closure of various issues raised in different bank reports (e.g., Audit reports and internal risk reports).

• Compliance & Ethics: Ensure compliance with bank policies, procedures, signed investigation agreements, and independent statements.

• Fraud Investigation: Participate in bank-wide investigations involving reported allegations of fraud, waste, embezzlement, and abuse; determine the bank’s exposure and actively recover losses.

• Documentation & Detection: Assist the team leader to document all investigative processes. Proactively facilitate the early detection of fraud by leveraging the hotline and tip-offs.

Requirements and Baseline Skills:

• Experience: Minimum of 2 years working in a bank across functions such as credit, risk, forensics, banking services, audit, or a related field.

• Education: At least a Bachelor’s degree, ideally with a focus on Accounting, Business Administration, or Finance/Risk Management.

• Professional Qualifications: Certifications like Risk Management, Compliance, CPA, or CFE will be an added advantage.

• Core Attributes: Honest individual with high integrity, independence, and professional ethics.

• Methodological Knowledge: Substantial understanding of audit/risk management methodologies and regulatory requirements related to information security, privacy, and/or data security.

• Task Prioritization: Ability to prioritize tasks according to their importance for SMFB’s operations and strategic goals.

• Travel Flexibility: Willingness to travel to customer sites and bank branches across Tanzania.

• Growth Mindset: Ability and willingness to learn and improve continuously.

Skills, Knowledge, and Abilities:

• Prioritization: Ability to manage multiple complex priorities and competing agendas without direct authority over delivery teams.

• Policy Application: Ability to interpret and apply policies and regulations across a large, complex business.

• Analytical Thinking: Strong analytical aptitude with emphasis on investigative, methodical, critical questioning, and logical thinking; data-driven decision-making.

• Interpersonal Skills: High level of interpersonal skills to interact with leaders at multiple levels and facilitate team interactions.

How to Apply

All motivated and interested candidates are invited to send their application packages including:

1. An updated CV/Resume

2. Updated certificates/certifications (if any)

3. A motivation letter (including a summary of achievements in your current position)

📩 Email Application to: career@smfb.co.tz

📅 Application Deadline: 25th June 2026

Selcom Microfinance Bank Tanzania is an equal opportunities employer.